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    PAVE

    U.S. Infrastructure Development ETF

    Invest in PAVE

    Reasons to Consider PAVE

    Compelling Need

    The American Society of Civil Engineers assigned a letter grade of C to the state of U.S. infrastructure in its 2025 report card, highlighting the need for investment.1

    Multiple Long-Term Catalysts

    America is committed to improving its aging infrastructure. The Infrastructure Investment and Jobs Act, Inflation Reduction Act, and CHIPS and Science Act appropriated nearly $1tn to fund critical infrastructure projects.2

    Unconstrained Approach

    As the economy evolves, so do infrastructure needs. PAVE seeks to capture this trend by investing in companies that are part of the infrastructure theme, regardless of sector or industry.

    1American Society of Engineers, Mar 20252Politico, 2024

    Key Information As of 09/18/26

    Inception Date 03/06/17
    Total Expense Ratio 0.47%
    Net Assets $13.32 billion
    NAV $52.93

    ETF Summary

    The Global X U.S. Infrastructure Development ETF (PAVE) seeks to invest in companies that stand to benefit from a potential increase in infrastructure activity in the United States, including those involved in the production of raw materials, heavy equipment, engineering, and construction.

    ETF Objective

    The Global X U.S. Infrastructure Development ETF (PAVE) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx U.S. Infrastructure Development Index.

    Trading Details As of 09/18/26

    Ticker PAVE
    B3 Trading Code BPVE39
    Bloomberg Index Ticker IPAVE
    CUSIP 37954Y673
    ISIN US37954Y6730
    Primary Exchange Cboe BZX
    Number of Holdings 100

    Distributions As of 09/18/26

    30-Day SEC Yield 0.50%
    Distribution Frequency Semi Annually
     Distribution History

    ETF Prices As of 09/18/26

    NAV $52.93 Daily Change $0.02 0.04%
    Market Price $52.96 Daily Change $0.05 0.09%

    Performance History

    Premium Discount Chart
    Cumulative Returns (as of 08/31/26)
    		1 Month 6 Months YTD 12 Months 24 Months Since Inception Inception Date
    Return PAVE -2.88% 0.19% 14.69% 18.65% 38.31% 287.89% 03/06/17
    Returns (as of 09/18/26)
    		Return PAVE Return Index
    Since Inception 275.41% 294.22%
    12 Months 14.96% 15.26%
    24 Months 33.86% 34.83%
    Last 60 Trading Days -9.16% -9.18%
    Last 75 Trading Days -6.81% -6.80%
    Monthly Returns (through 09/18/26)
    		Return PAVE Return Index
    Sep 2026 -3.22% -3.21%
    Aug 2026 -2.89% -2.84%
    Jul 2026 -4.37% -4.45%
    Jun 2026 4.75% 4.79%
    May 2026 -0.91% -0.89%
    Apr 2026 12.65% 12.75%
    Mar 2026 -7.74% -7.75%
    Feb 2026 8.58% 8.63%
    Jan 2026 6.20% 6.22%
    Dec 2025 0.94% 0.96%
    Nov 2025 0.56% 0.58%
    Oct 2025 1.28% 1.33%
    Sep 2025 2.48% 2.54%
    Aug 2025 1.77% 1.81%
    Jul 2025 4.84% 4.88%
    Jun 2025 5.25% 5.27%
    May 2025 8.11% 8.16%
    Apr 2025 1.84% 1.85%
    Mar 2025 -6.20% -6.17%
    Feb 2025 -5.01% -4.97%
    Jan 2025 4.64% 4.70%
    Dec 2024 -11.26% -11.22%
    Nov 2024 11.12% 11.19%
    Oct 2024 -0.05% -0.04%
    Sep 2024 4.42% 4.46%

    Total returns take into account management, administration and fees and other costs automatically deducted from the fund's assets. Before investing, you may read the prospectus in the “FEES AND EXPENSES” section for more details.

    NAV & Index Chart

    Top Holdings As of 09/18/26

    Full Holdings (.csv)
    Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
    3.65 DE DEERE & CO United States 2261203 683.99 710,814 486,189,667.86
    3.45 FAST FASTENAL CO United States 2332262 49.01 9,382,370 459,829,953.70
    3.37 EMR EMERSON ELECTRIC CO United States 2313405 149.92 2,993,190 448,739,044.80
    3.35 NUE NUCOR CORP United States 2651086 248.38 1,795,283 445,912,391.54
    3.33 ETN EATON CORP PLC United States B8KQN82 424.77 1,044,429 443,642,106.33
    3.17 PWR QUANTA SERVICES INC United States 2150204 636.71 663,139 422,227,232.69
    3.11 PH PARKER HANNIFIN CORP United States 2671501 943.54 439,052 414,263,124.08
    2.99 UNP UNION PACIFIC CORP United States 2914734 279.37 1,423,087 397,567,815.19
    2.94 ROK ROCKWELL AUTOMATION INC United States 2754060 415.62 941,253 391,203,571.86
    2.93 NSC NORFOLK SOUTHERN CORP United States 2641894 314.16 1,242,011 390,190,175.76
    2.91 TT TRANE TECHNOLOGIES PLC United States BK9ZQ96 429.11 904,150 387,979,806.50
    2.90 CSX CSX CORP United States 2160753 47.10 8,199,163 386,180,577.30
    2.90 URI UNITED RENTALS INC United States 2134781 1,013.91 380,465 385,757,268.15
    2.86 CRH CRH PLC United States B01ZKD6 86.15 4,424,798 381,196,347.70
    2.83 SRE SEMPRA United States 2138158 81.31 4,633,796 376,773,952.76
    2.61 HWM HOWMET AEROSPACE INC United States BKLJ8V2 229.67 1,510,684 346,958,794.28
    2.06 STLD STEEL DYNAMICS INC United States 2849472 235.26 1,168,106 274,808,617.56
    2.03 EME EMCOR GROUP INC United States 2474164 750.09 360,441 270,363,189.69
    1.90 VMC VULCAN MATERIALS CO United States 2931205 240.83 1,051,423 253,214,201.09
    1.80 MLM MARTIN MARIETTA MATERIALS United States 2572079 490.64 487,066 238,974,062.24
    1.59 ATI ATI INC United States 2526117 191.63 1,107,501 212,230,416.63
    1.44 HUBB HUBBELL INC United States BDFG6S3 446.92 428,805 191,641,530.60
    1.26 AMRZ AMRIZE LTD United States BV5F675 37.54 4,485,498 168,385,594.92
    1.24 CRS CARPENTER TECHNOLOGY United States 2177504 408.12 403,203 164,555,208.36
    1.21 RS RELIANCE INC United States 2729068 390.15 413,291 161,245,483.65
    1.17 WWD WOODWARD INC United States 2948089 321.74 483,401 155,529,437.74
    1.03 MTZ MASTEC INC United States 2155306 214.38 640,962 137,409,433.56
    1.03 J JACOBS SOLUTIONS INC United States BNGC0D3 143.40 956,674 137,187,051.60
    1.02 WCC WESCO INTERNATIONAL INC United States 2416973 344.15 395,442 136,091,364.30
    1.02 FTV FORTIVE CORP United States BYT3MK1 55.00 2,469,863 135,842,465.00
    1.01 IEX IDEX CORP United States 2456612 223.72 599,784 134,183,676.48
    0.97 STRL STERLING INFRASTRUCTURE INC United States 2632876 518.68 249,093 129,199,557.24
    0.96 RBC RBC BEARINGS INC United States B0GLYB5 501.01 256,606 128,562,172.06
    0.86 LECO LINCOLN ELECTRIC HOLDINGS United States 2516851 257.20 444,826 114,409,247.20
    0.82 TRMB TRIMBLE INC United States 2903958 57.56 1,888,622 108,709,082.32
    0.81 MLI MUELLER INDUSTRIES INC United States 2609717 60.07 1,794,445 107,792,311.15
    0.78 CSL CARLISLE COS INC United States 2176318 314.70 328,358 103,334,262.60
    0.76 RPM RPM INTERNATIONAL INC United States 2756174 98.37 1,035,613 101,873,250.81
    0.75 GGG GRACO INC United States 2380443 76.26 1,312,044 100,056,475.44
    0.72 AA ALCOA CORP United States BYNF418 44.43 2,141,516 95,147,555.88
    0.70 CR CRANE CO United States BNYD4F8 197.62 468,864 92,656,903.68
    0.66 FPS FORGENT POWER SOLUTIONS-CL A United States BV9C843 39.44 2,227,554 87,854,729.76
    0.60 RRX REGAL REXNORD CORP United States 2730082 148.05 539,942 79,938,413.10
    0.59 WMS ADVANCED DRAINAGE SYSTEMS IN United States BP7RS59 126.05 622,184 78,426,293.20
    0.56 TTEK TETRA TECH INC United States 2883890 35.69 2,102,963 75,044,234.66
    0.56 VMI VALMONT INDUSTRIES United States 2926825 474.64 157,385 74,701,216.40
    0.55 SPXC SPX TECHNOLOGIES INC United States BQ1L7V3 181.77 406,202 73,835,337.54
    0.55 AYI ACUITY INC United States 2818461 302.96 243,156 73,666,541.76
    0.55 PNR PENTAIR PLC United States BLS09M3 55.92 1,309,298 73,215,944.16
    0.54 WLK WESTLAKE CORPORATION United States B01ZP20 69.07 1,037,872 71,685,819.04
    0.54 DY DYCOM INDUSTRIES INC United States 2289841 291.80 243,915 71,174,397.00
    0.48 ACM AECOM United States B1VZ431 61.99 1,041,023 64,533,015.77
    0.47 ZWS ZURN ELKAY WATER SOLUTIONS CORPORATION United States BMV1ZD3 46.07 1,352,179 62,294,886.53
    0.44 CLF CLEVELAND-CLIFFS INC United States BYVZ186 12.50 4,629,154 57,864,425.00
    0.44 CMC COMMERCIAL METALS CO United States 2213260 64.50 897,962 57,918,549.00
    0.44 ACA ARCOSA INC United States BGPZ5W8 145.84 397,295 57,941,502.80
    0.42 ATKR ATKORE INC United States BDHF495 94.32 593,970 56,023,250.40
    0.41 PLPC PREFORMED LINE PRODUCTS CO United States 2798466 412.38 132,931 54,818,085.78
    0.41 TEX TEREX CORP United States 2884224 59.04 926,882 54,723,113.28
    0.41 POWL POWELL INDUSTRIES INC United States 2697422 183.96 295,813 54,417,759.48
    0.41 TITN TITAN MACHINERY INC United States B29H3T5 23.72 2,285,203 54,205,015.16
    0.38 BLDR BUILDERS FIRSTSOURCE INC United States B0BV2M7 58.12 873,085 50,743,700.20
    0.37 EXPO EXPONENT INC United States 2330318 68.30 722,109 49,320,044.70
    0.36 ECG EVERUS CONSTRUCTION GROUP United States BSVLTM2 115.97 413,932 48,003,694.04
    0.35 DNOW DNOW INC United States BMH0MV1 15.59 3,007,236 46,882,809.24
    0.35 BMI BADGER METER INC United States 2069128 132.76 351,478 46,662,219.28
    0.35 USLM UNITED STATES LIME & MINERAL United States 2724115 113.50 406,493 46,136,955.50
    0.34 DXPE DXP ENTERPRISES INC United States 2276627 185.26 248,191 45,979,864.66
    0.33 AGX ARGAN INC United States 2804501 389.85 114,072 44,470,969.20
    0.33 EXP EAGLE MATERIALS INC United States 2191399 176.82 250,750 44,337,615.00
    0.33 CMCO COLUMBUS MCKINNON CORP/NY United States 2211071 15.76 2,792,727 44,013,377.52
    0.32 CSW CSW INDUSTRIALS INC United States BYQD1J6 287.68 149,444 42,992,049.92
    0.32 CALX CALIX INC United States B3S4L67 35.24 1,210,416 42,655,059.84
    0.32 TPC TUTOR PERINI CORP United States 2681760 85.00 494,975 42,072,875.00
    0.31 GVA GRANITE CONSTRUCTION INC United States 2381189 115.97 354,953 41,163,899.41
    0.30 ROCK GIBRALTAR INDUSTRIES INC United States 2369226 41.49 977,365 40,550,873.85
    0.30 MTUS METALLUS INC United States BNBPMX1 19.11 2,100,984 40,149,804.24
    0.30 GRC GORMAN-RUPP CO United States 2379281 73.25 544,945 39,917,221.25
    0.30 IIIN INSTEEL INDUSTRIES INC United States 2325875 29.66 1,341,309 39,783,224.94
    0.30 MTX MINERALS TECHNOLOGIES INC United States 2595612 66.93 591,781 39,607,902.33
    0.30 ROAD CONSTRUCTION PARTNERS INC-A United States BDT5M66 94.33 417,140 39,348,816.20
    0.30 LPX LOUISIANA-PACIFIC CORP United States 2535243 65.32 601,272 39,275,087.04
    0.29 WNC WABASH NATIONAL CORP United States 2932048 11.86 3,260,596 38,670,668.56
    0.29 MWH SOLV ENERGY INC-CL A United States BWTRBN5 26.46 1,449,573 38,355,701.58
    0.29 MWA MUELLER WATER PRODUCTS INC-A United States B15RZR4 21.90 1,740,210 38,110,599.00
    0.28 MDU MDU RESOURCES GROUP INC United States 2547323 18.56 2,046,995 37,992,227.20
    0.28 CTOS CUSTOM TRUCK ONE SOURCE INC United States BL66YS4 9.33 3,986,031 37,189,669.23
    0.28 PRIM PRIMORIS SERVICES CORP United States B1GC200 77.13 478,537 36,909,558.81
    0.28 HRI HERC HOLDINGS INC United States BZBZ020 135.26 271,141 36,674,531.66
    0.27 CENX CENTURY ALUMINUM COMPANY United States 2186254 39.01 935,411 36,490,383.11
    0.27 RYZ RYERSON HOLDING CORP United States B3TPPZ6 24.27 1,457,451 35,372,335.77
    0.26 MYRG MYR GROUP INC/DELAWARE United States B3CLS18 279.28 126,351 35,287,307.28
    0.26 GBX GREENBRIER COMPANIES INC United States 2387530 41.82 839,840 35,122,108.80
    0.26 LGN LEGENCE CORP-CL A United States BT6CC17 55.80 623,935 34,815,573.00
    0.26 TTAM TITAN AMERICA SA United States BNM4XQ7 13.32 2,553,916 34,018,161.12
    0.25 NWPX NWPX INFRASTRUCTURE INC United States 2035925 101.33 326,697 33,104,207.01
    0.25 TRN TRINITY INDUSTRIES INC United States 2904627 28.00 1,177,709 32,975,852.00
    0.24 ASTE ASTEC INDUSTRIES INC United States 2060370 41.40 771,665 31,946,931.00
    0.23 CTRI CENTURI HOLDINGS INC United States BMDPVF7 19.35 1,566,146 30,304,925.10
    0.23 KNF KNIFE RIVER CORP United States BPLL4V5 54.44 558,420 30,400,384.80
    0.11 CASH United States 1.00 15,028,661 15,028,661.28
    0.01 OTHER PAYABLE & RECEIVABLES United States 1.00 865,781 865,781.46
    Holdings are subject to change. "Cash" denotes U.S. dollars.

    Sector Breakdown As of 08/31/26

    Sector Weight (%)
    Industrials 71.5
    Materials 23.6
    Utilities 3.4
    Information Technology 1.5

    Source: AltaVista Research, LLC

    ETF Characteristics As of 09/18/26

    Return on Equity 15.10%
    Weighted Avg. Market Cap 56,527 M
    2025 2026
    Price-to-earnings 28.78 23.86
    Price-to-book value 3.79 3.41

    Source: AltaVista Research, LLC

    ETF Risk Stats As of 08/31/26

    Versus Beta
    S&P 500 1.13
    MSCI EAFE 0.93
    MSCI Emg. Mkts 0.53
    Standard Deviation 20.70%

    Source: AltaVista Research, LLC

    ETF Documents

    TERMS OF USE

    Global X Brasil Gestora de Investimentos Ltda. (“Global X Brasil”) is an asset manager authorized by the Brazilian Securities and Exchange Commission (“CVM”), constituted in the form of CVM Resolution No. 21/2021. Investing involves risks. The material on this site is for informational purposes only and does not constitute investment advice, recommendation, offer or solicitation to buy or sell any securities, funds, or strategies to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be illegal under the securities laws of such jurisdiction. Opinions expressed here are subject to change without notice. Reliance upon the information contained in this material is at the sole discretion of the reader. No securities regulator has confirmed the accuracy of any information contained herein. Access to the information on this site or the use of the services or information provided herein is prohibited by any person or entity in any jurisdiction or country where such distribution or use is contrary to local law, rules, or regulation. Investment in index funds (ETFs) involves risks, including detachment from the benchmark index and related to the liquidity of shares in the secondary market. Investment funds managed by Global X Brasil use strategies that can result in significant equity losses for their quota holders. Global X Brasil, its partners and employees are exempt of responsibility for any damages resulting directly or indirectly from the use of the information contained on this website.

    FOR EVALUATION OF THE PERFORMANCE OF AN INVESTMENT FUND, IT IS RECOMMENDED THE ANALYSIS OF AT LEAST 12 (TWELVE) MONTHS. INVESTMENT FUNDS DO NOT HAVE A GUARANTEE FROM THE ADMINISTRATOR, THE MANAGER, ANY INSURANCE MECHANISM OR CREDIT GUARANTEE FUND – FGC. INVESTMENTS IN FINANCIAL AND CAPITAL MARKETS ARE SUBJECT TO RISKS OF LOSS GREATER THAN THE TOTAL VALUE OF INVESTED CAPITAL. PAST PROFITABILITY DOES NOT REPRESENT A GUARANTEE OF FUTURE PROFITABILITY THE PROFITABILITY DISCLOSED IS NOT NET OF TAXES. READ THE PROSPECTUS, THE FORM OF COMPLEMENTARY INFORMATION, SHEET OF ESSENTIAL INFORMATION AND THE REGULATION BEFORE INVESTING. DESCRIPTION OF THE ANBIMA TYPE AVAILABLE IN THE FORM OF COMPLEMENTARY INFORMATION.

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